WEST DES MOINES, Iowa -- Hy-Vee Food Stores here likes being an employee-owned company.
ce owned by employees in a profit-sharing trust.
Ronald D. Pearson, chairman, president and chief executive officer, told SN he sees no reason to make any changes in that approach.
"We don't want to expand the percentage owned by the employees because we don't want to give up more management control," he explained.
Pearson said the trust is similar to an employee-owned stock plan, although the way it ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.